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Realty Income Corp. (O) Dips More Than Broader Markets: What You Should Know
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Realty Income Corp. (O - Free Report) closed the most recent trading day at $57.83, moving -1.36% from the previous trading session. This move lagged the S&P 500's daily loss of 0.67%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the real estate investment trust had lost 7.07% over the past month. This has lagged the Finance sector's loss of 3.71% and the S&P 500's loss of 3.76% in that time.
Wall Street will be looking for positivity from Realty Income Corp. as it approaches its next earnings report date. This is expected to be November 2, 2022. In that report, analysts expect Realty Income Corp. to post earnings of $0.97 per share. This would mark year-over-year growth of 6.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $831.16 million, up 68.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.91 per share and revenue of $3.31 billion. These totals would mark changes of +8.91% and +58.83%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Realty Income Corp.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% lower within the past month. Realty Income Corp. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 14.99. For comparison, its industry has an average Forward P/E of 12.38, which means Realty Income Corp. is trading at a premium to the group.
Also, we should mention that O has a PEG ratio of 5.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 1.86 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.
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Realty Income Corp. (O) Dips More Than Broader Markets: What You Should Know
Realty Income Corp. (O - Free Report) closed the most recent trading day at $57.83, moving -1.36% from the previous trading session. This move lagged the S&P 500's daily loss of 0.67%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the real estate investment trust had lost 7.07% over the past month. This has lagged the Finance sector's loss of 3.71% and the S&P 500's loss of 3.76% in that time.
Wall Street will be looking for positivity from Realty Income Corp. as it approaches its next earnings report date. This is expected to be November 2, 2022. In that report, analysts expect Realty Income Corp. to post earnings of $0.97 per share. This would mark year-over-year growth of 6.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $831.16 million, up 68.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.91 per share and revenue of $3.31 billion. These totals would mark changes of +8.91% and +58.83%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Realty Income Corp.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% lower within the past month. Realty Income Corp. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 14.99. For comparison, its industry has an average Forward P/E of 12.38, which means Realty Income Corp. is trading at a premium to the group.
Also, we should mention that O has a PEG ratio of 5.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 1.86 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.